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to do more so i put forward a specific $4 trillion deficit reduction plan. it's on a website. you can look at all the numbers, what cuts we make and what revenue we raise. >> reporter: that estimate comes from the left leaning center on budget and policy priorities. 3.8 trillion to be exact over ten years. the president is counting money saved by letting the bush tax cuts expire for people making more than $250,000 a year, but he's also counting $1 trillion in savings over ten years by drawing down the wars in iraq and afghanistan. the bipartisan nonprofit committee for responsible federal budget has called that a gimmick because those wars were deficit financed in the first place and the president is also counting on savings agreed to last year when the white house and congress agreed to raise the debt ceiling. >>> that was nbc's andrea mitchell reporting. >>> here's some other stories making news today in early days. a convicted robbery defendant surprised his public defender with a round house punch to the face after receiving a 15 year sentence. the brut
to do more so i put forward a specific $4 trillion deficit reduction plan. it's on a website. you can look at all the numbers, what cuts we make and what revenue we raise. >> reporter: that estimate comes from the left leaning center on budget and policy priorities. 3.8 trillion to be exact over ten years. the president is counting money saved by letting the bush tax cuts expire for people making more than $250,000 a year, but he's also counting $1 trillion in savings over ten years by...
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. >> you said you'd cut the deficit in half. it's four years later, we still have trillion-dollar deficit. >> the way we do is for additional cut, we ask for a dollar of additional revenue, paid for, as i indicated earlier, by asking those of us who have done very well in this country to contribute a little bit more to reduce the deficit. >> reporter: the president insisted romney would spend $5 trillion on tax breaks favoring the wealthy. >> math, common sense and our history shows us that's not a recipe for job growth. >> everything he just said about my tax plan is inaccurate. >> reporter: they clashed on wall street, whether banks should be too big to fail, and medicare. >> cutting $716 billion from medicare to be able to balance the additional cost of obama care is, in my opinion, a mistake. >> if you repeal obama care, and i have become fond of this term, obama care, if you repeal it, what happens is those seniors right away are going to be paying $600 more in prescription care. >> reporter: the fiercest exchange over heal
. >> you said you'd cut the deficit in half. it's four years later, we still have trillion-dollar deficit. >> the way we do is for additional cut, we ask for a dollar of additional revenue, paid for, as i indicated earlier, by asking those of us who have done very well in this country to contribute a little bit more to reduce the deficit. >> reporter: the president insisted romney would spend $5 trillion on tax breaks favoring the wealthy. >> math, common sense and our...
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who knew that he was responsible for all these deficits. elmo's got to watch out. >> and vice president joe biden was campaigning in iowa saying that mitt romney flip-flopped on his own tax cut plan that was the centerpiece of the gop campaign and biden challenged the republicans on the tax issue. >> you know the phrase he always uses, obama and biden want to raise taxes by a trillion dollars. guess what, yes, we do, in one regard, we want to let that trillion dollar tax cut expire so the middle class doesn't have to bear the burden of all that money going to the super wealthy. that's not a tax raise, that's called fairness where i come from. >> all right. so how will today's monthly jobs report impact the candidates? economists predict the unemployment rate could tick up from 8.1 to 8.2% which could be bad news for president obama. nbc's brian mooar has the latest from washington for us. brian, good morning to you. >> reporter: hi, lynn. it probably won't be great news for either of the political candidates, but it could be worse. today's
who knew that he was responsible for all these deficits. elmo's got to watch out. >> and vice president joe biden was campaigning in iowa saying that mitt romney flip-flopped on his own tax cut plan that was the centerpiece of the gop campaign and biden challenged the republicans on the tax issue. >> you know the phrase he always uses, obama and biden want to raise taxes by a trillion dollars. guess what, yes, we do, in one regard, we want to let that trillion dollar tax cut expire...
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what i've said is i won't put in place a tax cut that adds to the deficit. >> for 18 months he's been running on this tax plan. and now, five weeks before the election, he's saying that his big bold idea is never mind. >> let me repeat what i said. i'm not in favor of a $5 trillion tax cut, that's not my plan. >> reporter: another stark difference, medicare, one of the few times the president played aggressor. >> it's called premium support, but it's understood to be a voucher program. >> and you don't support that? >> i don't. and let me explain why. >> again, that's for future people, not current retirees. >> so if you're 54 or 55, you might want to listen because this, this will affect you. >> reporter: still, romney seemed to control many of the back and forths, even the lighter moments. >> i apologize, mr. president, i use that term with all respect. >> i like it. >> good. >> the difference in their debate demeanors was most evident during the closing statements. >> you know, four years ago we were going through a major crisis. and yet, my faith and confidence in the american fut
what i've said is i won't put in place a tax cut that adds to the deficit. >> for 18 months he's been running on this tax plan. and now, five weeks before the election, he's saying that his big bold idea is never mind. >> let me repeat what i said. i'm not in favor of a $5 trillion tax cut, that's not my plan. >> reporter: another stark difference, medicare, one of the few times the president played aggressor. >> it's called premium support, but it's understood to be a...
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. >> you said you'd cut the deficit in half, it's now four years later, we have trillion-dollar deficits. >> the way we do it is for every $2.50 of additional debt, we ask for a dollar, paid for by those doing very well to contribute a little more to reduce the deficit. >> reporter: the president insisted romney would spend five trillion on tax breaks favoring the wealthy. >> math, common sense, and our history shows us that's not a recipe for job growth. >> everything he just said about my tax plan is inaccurate. >> they clashed on wall street, whether banks should be too big to fail, and medicare. >> cutting $716 billion from medicare to be able to balance the additional cost of obama care is, in my opinion, a mistake. >> if you repeal obama care, and i have become fond of this term, obama care, if you repeal it, what happens is those seniors right away are going to be paying $600 more in prescription care. >> the fiercest exchange over health care and jobs. >> i just don't know how the president could have come into office facing 23 million people out of work, rising unemployment, an
. >> you said you'd cut the deficit in half, it's now four years later, we have trillion-dollar deficits. >> the way we do it is for every $2.50 of additional debt, we ask for a dollar, paid for by those doing very well to contribute a little more to reduce the deficit. >> reporter: the president insisted romney would spend five trillion on tax breaks favoring the wealthy. >> math, common sense, and our history shows us that's not a recipe for job growth. >>...
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we have seen trillion-dollar deficits. the road this president has put us on looks like europe, which is not working and it will not work here. if the president is reelected, this president will have a trillion-dollar deficit every year, we will end up with a $20 trillion debt, and you do not see that money, you do not see that that, but you will be paying the interest on it all your lives, and then your kids will be paying for it, and you will be wondering why the government is doing this and it is racking up all the interest. he would take us down a path like europe. there are countries on the verge of fiscal collapse or calamity or crisis. that is the path he is taking us on. i will take us on a different course. i will help create 12 million new jobs and rising take-home pay. i will get us on track to a balanced budget. i will restore personal freedom in part by getting rid of "obamacare" and return to people the right they have to deal with their own health care with their own physicians. this president is trying to m
we have seen trillion-dollar deficits. the road this president has put us on looks like europe, which is not working and it will not work here. if the president is reelected, this president will have a trillion-dollar deficit every year, we will end up with a $20 trillion debt, and you do not see that money, you do not see that that, but you will be paying the interest on it all your lives, and then your kids will be paying for it, and you will be wondering why the government is doing this and...
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message we're serious about retaining the deficit reduction we have. that's the hardest thing to get down in the lame duck. the other thing to remember there are three different problems. problem number one is the fiscal cliff. it's the -- problem number two is the debt increase that would come the problem is the fiscal path is unsustainable and dangerous to america. .. >> we need to extend the debt ceiling and it's the fundamentals that will forever get rid of fiscal cliffs and sequesters. that is the best way to go. >> do you have anything to add? >> so the way that we got here to the fiscal was a bunch of cans getting kicked down the road. and they are and when in the wrong place at the wrong time. part of the fiscal clip is part of these cans at the end of the road. there is a good part of the clip, and that is the part that is throughout the rest of the ten-year budget window. something that we call -- you know, how the fiscal cliff later in the ten-year window would cause economic growth. that's very important hold onto because we have been in th
message we're serious about retaining the deficit reduction we have. that's the hardest thing to get down in the lame duck. the other thing to remember there are three different problems. problem number one is the fiscal cliff. it's the -- problem number two is the debt increase that would come the problem is the fiscal path is unsustainable and dangerous to america. .. >> we need to extend the debt ceiling and it's the fundamentals that will forever get rid of fiscal cliffs and...
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. >> if it's true it's not going to add to the deficit, that leaves only one option, and that's asking middle class families to foot the bill. >> the president's charge of a $5 trillion tax cut is obviously inaccurate and wrong. >> reporter: romney also in ohio mocked the obama campaign's latest ad mocking his plan to cut funding for pbs. >> big bird. big bird. big bird. he's focused on saving big bird is kind of a strange thing in my view because, you see, i'm focused on helping the american people get good jobs. >> reporter: sesame street's now asked the obama campaign to pull the big bird ad, yet there are weightier questions here as congress looks into whether the u.s. was warned of the deadly libya attack. >> twice in the six-month lead-up you had bombings at our compound there in benghazi and it's 9/11 in libya. what other warnings do you need? >> reporter: warnings of trouble now for president obama romney's closing the gap. the latest poll, reuters has them tied, gallup has romney up by 2, pew has him up by 4. it's not just ohio which you mentioned earlier. new polls now in pen
. >> if it's true it's not going to add to the deficit, that leaves only one option, and that's asking middle class families to foot the bill. >> the president's charge of a $5 trillion tax cut is obviously inaccurate and wrong. >> reporter: romney also in ohio mocked the obama campaign's latest ad mocking his plan to cut funding for pbs. >> big bird. big bird. big bird. he's focused on saving big bird is kind of a strange thing in my view because, you see, i'm focused...
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romney's tax cuts will add $5 trillion to the tax cuts. >> if it's true it's not going to add to the deficit, that leaves only one option. that's asking middle class families to foot the bill. >> the president's charge of a $5 trillion tax cut is obviously inaccurate and wrong. >> reporter: romney also in ohio mocked the obama campaign's latest add to cut funding for pbs. >> big bird. big bird. he's focused on saving big bird. it's kind of a strange thing in my view because i'm focused on helping the american people get good jobs. >> reporter: sesame street asked the president to pull the big bird ad. >> twice in the six month lead up you had bombings at our compound there in benghazi and it's 9/11 in libya. what other warnings do you need? >> reporter: warnings for president obama romney's closing the gap. the latest poll, reuters has them tied, gallup has him up by 2 and q has them up by 4. >> reporter: we were talking about polls in the battleground state. it also looks like according to other polls that pennsylvania and michigan may no longer be safe bets for the president. lynn? >> trac
romney's tax cuts will add $5 trillion to the tax cuts. >> if it's true it's not going to add to the deficit, that leaves only one option. that's asking middle class families to foot the bill. >> the president's charge of a $5 trillion tax cut is obviously inaccurate and wrong. >> reporter: romney also in ohio mocked the obama campaign's latest add to cut funding for pbs. >> big bird. big bird. he's focused on saving big bird. it's kind of a strange thing in my view...
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when people talk about the deficit -- it is not the deficit or debt but joblessness which is the great crisis of our times. the deficit and debt did not arrive from some inaccurate conception. two unfunded wars, medicare part d. let them speak to that. mitt romney has it fantastical approach to arithmetic. at the bottom of it, there is a commitment and an ideology to insuring that the top 1% make out real well. those most vulnerable at the bottom of the society who need a helping hand in times of fiscal economic crisis are put aside. it is ideological and i think the term "common-sense" is a terrific one to achieve and try to revive that one as you talk to c-span and agitate your committee. host: let's go back to the bus. john, what is your question? >> how is mitt romney going to be able to win independent voters after he alienated them in the primary? guest: i think that debate over night, which you watched as a student of political science and journalism -- he pivoted to some of the positions that he explicitly set aside during the primaries, where he became truly one of the most --
when people talk about the deficit -- it is not the deficit or debt but joblessness which is the great crisis of our times. the deficit and debt did not arrive from some inaccurate conception. two unfunded wars, medicare part d. let them speak to that. mitt romney has it fantastical approach to arithmetic. at the bottom of it, there is a commitment and an ideology to insuring that the top 1% make out real well. those most vulnerable at the bottom of the society who need a helping hand in times...
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and accumulating greater debt, that the country had a budget deficit, a trade deficit, a balance of payments deficit, and the fourth one you brought up was a leadership deficit. >> leadership is the greatest. >> can i ask you both, describe what is the problem with what appears to be in your mind a leadership deficit, that we're not getting the leadership on this key issue either from this president or past presidents, this congress or pass congresses/ what does it take to get elected officials to tackle at an issue, increasing their taxes? >> let's start with the families. they will get their attention. the voters have to understand all this, which they did not, and voters need to understand what we have to do to get all this corrected, and they do not. if we ever get that over to the voters, they will vote for the people who are geared up, ready, and know how to do it and are running on that basis, and then we can change this country forever and get us back to where we used to be when i was a boy in the depression. why schoolteachers and would have been doctors, lawyers, indian ch
and accumulating greater debt, that the country had a budget deficit, a trade deficit, a balance of payments deficit, and the fourth one you brought up was a leadership deficit. >> leadership is the greatest. >> can i ask you both, describe what is the problem with what appears to be in your mind a leadership deficit, that we're not getting the leadership on this key issue either from this president or past presidents, this congress or pass congresses/ what does it take to get...
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terms of the deficit. you may not like obama, you may not like his program, you may have a different way of looking at the way the country should run, but obama as the creator of the deficit? , i mean, he inherited this thing in the 2008. the economy in the uins. there was a decade running up the deficit. with the economy down it means lower tax collections. she contributed very little to the deficit in terms of the industrial problems. and the little he tried to do such as the modest stimulus have been condemned by the people. you may not like him, but the idea he created the deficit, is just bogus. >> host: the politicians, though find that in fact there's money coming from the hedge fund. there's money coming from the brother and the big industrial. >> guest: exactly. >> host: they feel, suspect, well, that's the pressure, the way the game is being played these days. and you look right now at the fundraising. romney is outraising obama in a lot of the wall street type, the business types say, you know,
terms of the deficit. you may not like obama, you may not like his program, you may have a different way of looking at the way the country should run, but obama as the creator of the deficit? , i mean, he inherited this thing in the 2008. the economy in the uins. there was a decade running up the deficit. with the economy down it means lower tax collections. she contributed very little to the deficit in terms of the industrial problems. and the little he tried to do such as the modest stimulus...
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[laughter] on the deficit, it was, you know, deficit doesn't matter. and yeah and biology too a guy in missouri too. so the question to me is what happens the morning after the morning after the election if romney loses? the morning after they'll say it wasn't because he wasn't far night enough. i wonder the morning after the morning after. a lot of people say we have gone too far to the right. we need a different republican party. we need a center right republican party. i think the country needs. because it needs to be a check on the left and the center left, and it's the only way we're going get big comprises on the big issues. >> can i add, i mean, a little history can clinton and rage. the second term was the productive term. the big achievement. it's hard no know whether the republican party will -- where they will push the blame if that happens. but the question is how they decide to spend the next four years. and i think it's very hard to tell. but there is some hope in looking back at both clinton and reagan. >> reagan was considered a far-rig
[laughter] on the deficit, it was, you know, deficit doesn't matter. and yeah and biology too a guy in missouri too. so the question to me is what happens the morning after the morning after the election if romney loses? the morning after they'll say it wasn't because he wasn't far night enough. i wonder the morning after the morning after. a lot of people say we have gone too far to the right. we need a different republican party. we need a center right republican party. i think the country...
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we now have trillion dollars deficits. >> you said you would cut the deficit in half. >> the way we do it is $2.50 for every cut we ask for a dollar of additional revenue paid for by asking those of us who have done well to contribute a little more to reduce the deficit. >> the president insisted romney would spend $5 trillion on tax breaks favoring the wealthy. >> it shows that is not a recipe for job growth. >> everything you just said about my tax plan is not accurate. >> they clashed on wall street and medicare. >> cutting $716 billion for medicare to be able to balance thet additional cost of obamacare is a mistake. >> if you repeal obamacare, what happens is those seniors will be paying $600 more in subscription care. -- in prescription care. >> i don't know how the president could come into office and face rising unemployment and an economic crisis at the kitchen table and fighting for obamacare instead of fighting for jobs for the american people. >> we did work on this. alongside working on jobs. this is part of making sure middle-class families are secure. >> president obama
we now have trillion dollars deficits. >> you said you would cut the deficit in half. >> the way we do it is $2.50 for every cut we ask for a dollar of additional revenue paid for by asking those of us who have done well to contribute a little more to reduce the deficit. >> the president insisted romney would spend $5 trillion on tax breaks favoring the wealthy. >> it shows that is not a recipe for job growth. >> everything you just said about my tax plan is not...
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deficit exceeding 11% of its gdp. now we and the royal of reducing the deficit. the very important issue is about the capacity of the government to get to the 6% public sector deficits. as the greek of skepticism in the markets, the capacity of the government. the government is confident that we can get to this figure. if they work to get their it will be very important positive message from market. spain is able to comply with the objectives of production in private sector deficit. next year for a half percent. going into less than 3% the year after. is that going to be easy because when you have the economy in a recessionary environment it's very difficult to increase revenues and is very difficult to reduce the expenses because a lot of expenses are linked with the macroeconomics situation. in terms of the financial sector we had to address a problem of real-estate -- real funding, the capacity and corporate governance and transparency. most of this issue is linked with the saving banks because by definition this saving banks were operating with real-estate th
deficit exceeding 11% of its gdp. now we and the royal of reducing the deficit. the very important issue is about the capacity of the government to get to the 6% public sector deficits. as the greek of skepticism in the markets, the capacity of the government. the government is confident that we can get to this figure. if they work to get their it will be very important positive message from market. spain is able to comply with the objectives of production in private sector deficit. next year...
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so, you know, i'm hearing a lot about the successes, in some respects i'm hearing about the deficits, but i think it might be useful to sort of reverse the roles a little bit. so where do you see the greatest deficits in terms of what congress needs to do to be more open and transparent? what's the next big thing or the next two big things that they need to do only out of fairness so they can be ready, i'm going to ask similarly, i mean, you can identify deficits if you so desire, but it'd be helpful to identify where in the last two or four years have you seen the greatest positive change as well? so i'll start with -- >> sure. you know, i'm actually going to key off of some to have stuff that, some of the work jim's done over the years. um, you know, what we, what we're doing well right now is we're providing sort of common documents and fairly common, easy-to-produce formats. and we're doing that better than average, better than we have in years past. what we're not doing very well is sort of providing some of this metadata that would be useful to folks like jim or you all or folks
so, you know, i'm hearing a lot about the successes, in some respects i'm hearing about the deficits, but i think it might be useful to sort of reverse the roles a little bit. so where do you see the greatest deficits in terms of what congress needs to do to be more open and transparent? what's the next big thing or the next two big things that they need to do only out of fairness so they can be ready, i'm going to ask similarly, i mean, you can identify deficits if you so desire, but it'd be...
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bush and was able to battle back from a deficit into a tie. republican pollster bill mcinturf said it would take something momentous to change the fundamentals. i think we'll look to the polls to see if last night's debate really made a dent. >> did this debate hurt president obama? a lot of people felt he was trying to not mess up. was he too passive? was it too safe? >> you know, it's hard to say if he really messed up. he had the opportunity with a decisive victory to pretty much be able to put this election behind himself. we had seen all the polls. he actually holds a narrow lead. but even greater leads in some of the presidential battleground states like in ohio. so a decisive victory for him, we would start looking ahead to the general election and say he has the clear advantage. so on that front, i don't think that he succeeded, but he has two more debates to go. as we were just talking about, i'm not sure, and the history proves this, that these debates -- all that matter about voter preferences. >> mark murray, we appreciate you comi
bush and was able to battle back from a deficit into a tie. republican pollster bill mcinturf said it would take something momentous to change the fundamentals. i think we'll look to the polls to see if last night's debate really made a dent. >> did this debate hurt president obama? a lot of people felt he was trying to not mess up. was he too passive? was it too safe? >> you know, it's hard to say if he really messed up. he had the opportunity with a decisive victory to pretty much...
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. >> you said you'd cut the deficit in half. it's now four years later, we still have trillion dollar deficits. >> the way we do it is $2.50 per cut, we ask for $1 of additional revenue, paid for, as i indicated earlier, by asking those of us who have done very well to contribute a little bit more to reduce the deficit. >> reporter: the president insisted romney would spend $5 trillion on tax breaks favoring the wealthy. >> math, common sense and our history shows us that's not a recipe for job growth. >> everything he just said about my tax plan is inaccurate. >> reporter: they clashed on wall street and medicare. >> cutting $716 million from medicare in order to pay obama care is a mistake. >> if you repeal obama care, and i have become fond of this term, obama care, if you repeal it is what happens is those seniors will be paying $600 more in prescription care. >> reporter: the fiercest exchange over health care and jobs. >> i just don't know how the president could come into office facing 23 million people out work, rising u
. >> you said you'd cut the deficit in half. it's now four years later, we still have trillion dollar deficits. >> the way we do it is $2.50 per cut, we ask for $1 of additional revenue, paid for, as i indicated earlier, by asking those of us who have done very well to contribute a little bit more to reduce the deficit. >> reporter: the president insisted romney would spend $5 trillion on tax breaks favoring the wealthy. >> math, common sense and our history shows us...
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mitt romney says he'll cut funding to reduce the deficit. now the obama camp has released a new tongue-in-cheek ad casting an unlikely star as a criminal master mine. will it be effective? take a look for yourself and decide. >> i'm barack obama and i approve this message. >> bernie madoff, dennis keselowski, criminals, gluttons of greed and the evil genius who towered over them. one man has the guts to speak his name. >> big bird. >> big bird. >> it's me, big bird. >> big, yellow, a menace to our economy. mitt romney knows it's not wall street you have to worry about, it's sesame street. >> i'm going to stop the subsidy to pbs. >> mitt romney taking on our enemies no matter where they nest. >> this comes as the 2012 presidential election is just four weeks away, and now new polls show the race between president obama and republican rival mitt romney is closer than ever. nbc's tracie potts has more from washington. good morning to you. >> reporter: good morning. they're raising a lot of money, too. which is why we'll see more of those ads. r
mitt romney says he'll cut funding to reduce the deficit. now the obama camp has released a new tongue-in-cheek ad casting an unlikely star as a criminal master mine. will it be effective? take a look for yourself and decide. >> i'm barack obama and i approve this message. >> bernie madoff, dennis keselowski, criminals, gluttons of greed and the evil genius who towered over them. one man has the guts to speak his name. >> big bird. >> big bird. >> it's me, big...
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it's good for the deficit. it's good for the solvency of medicare but it doesn't jeopardize people's care. second thing i would do and some work on this as being done but there's more to do, in medicare and also in the private insurance area, i think an important reform that remains is as a nation, we should be paying for health, not procedures. we pay for procedures and we get some of the best, most expensive and most procedures in the world. but if we pay for health and healthy outcomes, we can actually save money and have healthier seniors and also healthier citizens who are happier and more productive. that's a path to cost reforms. >> mr. allen? >> well, tim criticizes me for supporting medicare part d. i think it's been very beneficial to a lot of seniors who now don't have to choose between heat and food and getting prescription drugs. especially coming under budget because there's competition and there's choice. there's also aspects on health savings accounts i think are very beneficial as well. the wro
it's good for the deficit. it's good for the solvency of medicare but it doesn't jeopardize people's care. second thing i would do and some work on this as being done but there's more to do, in medicare and also in the private insurance area, i think an important reform that remains is as a nation, we should be paying for health, not procedures. we pay for procedures and we get some of the best, most expensive and most procedures in the world. but if we pay for health and healthy outcomes, we...
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. >>> trade deficit, import prices and consumer sentiment, three things wall street will be watching all week long. >>> plus, why is best buy taking the geek squad out on the road? for that and the rest of your news before the bell, let's turn things over to courtney reagan live at cnbc world headquarters. >> reporter: good morning to you. futures are lower this morning as the markets come off a positive week with the dow and s&p 500 both rising more than 1%. the dow is just about 550 points away from its all-time high. there's no economic data today but we'll get reports later this week on the trade deficit, import prices and consumer sentiment. earnings season also kicks off tomorrow night with alcoa's results. the dow rose 34 points friday to 13, 610. the nasdaq slipped 13 points to 3136. >>> best buy is bringing the geek squad to the worldwide web. the electronics retailer has expanded the reach of its well-known tech support team from fixing up pcs, tablets and other electronic devices. they launched the 24/7 geek squad service on ebay and is testing it at a select number of tar
. >>> trade deficit, import prices and consumer sentiment, three things wall street will be watching all week long. >>> plus, why is best buy taking the geek squad out on the road? for that and the rest of your news before the bell, let's turn things over to courtney reagan live at cnbc world headquarters. >> reporter: good morning to you. futures are lower this morning as the markets come off a positive week with the dow and s&p 500 both rising more than 1%. the dow...
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good news for mitt romney in virginia where he's closed gap to two points compared to a four-point deficit and also a close race in florida where the president leads romney by just a single point, also down from a four-point lead last month. but romney's made no progress in ohio where mr. obama remains a significant edge, virtually unchanged since september. nationally the new nbc/"wall street journal" poll also shows the president in a strong position though the race tightened. he sits at 49% in both his ballot test and job approval rating. mitt romney coalesced republicans and to close the gap and likely voters because of republican enthusiasm, 49/46. david? >> former pennsylvania senator rick santorum is a former republican presidential candidate and author of the new book "american patriots, answering the call to freedom." senator, good to see you. >> thank you, david. >> talk about the book in a minute. let's talk about the debate. i spoke with governor chris christie on "meet the press" and he said come thursday morning the narrative will be completely different after the first debat
good news for mitt romney in virginia where he's closed gap to two points compared to a four-point deficit and also a close race in florida where the president leads romney by just a single point, also down from a four-point lead last month. but romney's made no progress in ohio where mr. obama remains a significant edge, virtually unchanged since september. nationally the new nbc/"wall street journal" poll also shows the president in a strong position though the race tightened. he...
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clearly america has large and ever-growing deficits. you propose a tax cut. that's deficit spending. >> wait a minute. first of all, this is a two-step deal. everybody knows we need the big deal and we talk about that in 30 seconds. but we're not going to get to the big deal by jumping off the bridge. and what we are saying is it is not the right thing to do you have the largest tax increase in history of america and to have $1.2 trillion worth of spending cuts that don't even look at medicare and medicaid. across the board without thinking through what this big deal is going to be. and anybody from either party hould come to a realization that the big deal counts. all we need to do is get a small part of an extension, six months, what ever does, and we'll get there. remember, when you talk about these taxes and the suspended, it can't be done by 10 people in the back of the room. and has to be a normal order on the hill because they are the only people that understands what are in those bills. >> do any of you really think we'll jump off a fiscal cliff? or d
clearly america has large and ever-growing deficits. you propose a tax cut. that's deficit spending. >> wait a minute. first of all, this is a two-step deal. everybody knows we need the big deal and we talk about that in 30 seconds. but we're not going to get to the big deal by jumping off the bridge. and what we are saying is it is not the right thing to do you have the largest tax increase in history of america and to have $1.2 trillion worth of spending cuts that don't even look at...
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romney narrowed deficit about who cares for the middle class. there are kind of four important metrics i've been paying a lot of attention to within our poll and other polls that are kind of lower in the cross tabs but matter a great deal which is, who is a strong leader? who can get things done? and those have been neck-and-neck. romney has had the lead on who can actually get things done and, i think he will, he will build on that. but the fact that more people thought romney would be the best of the two candidates to actually accomplish something shows there was upside potential and upside growth. you remember back in 2008, i've been saying this for months, at the height of his popularity barack obama only got 52.9% of the popular vote. so, even though he still is leading in the swing states and those will tighten up, romney does have a floor that he can build off of from 2008. >> holman, a great american. we appreciate it. enjoy the rest of your night in denver. this is what i call an honor. craig gordon, runs our coverage. don't even know w
romney narrowed deficit about who cares for the middle class. there are kind of four important metrics i've been paying a lot of attention to within our poll and other polls that are kind of lower in the cross tabs but matter a great deal which is, who is a strong leader? who can get things done? and those have been neck-and-neck. romney has had the lead on who can actually get things done and, i think he will, he will build on that. but the fact that more people thought romney would be the...
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and yesterday, i propose my budget proposal for the next year that will close the $3 million deficit with only three layoffs in the 2.7% tax increase. a full percentage point below the average of the last four years. back on about 12 likes on facebook. i got some presidential, 500 likes on facebook. this'll be a real head, sherry. >> sometimes a refresh. there must not be reading it. >> but it is as a tool, the important conversations, those have to have when you have so much attention. they can give you their attention. you can give them yours. there is no push but my to replicate that. but as a forum, to share the implications and sometimes to allow a dialect to happen, my facebook page come especially after i got elected, funny things happen in. i think you touched on in a public square. a new public square, where i know if i have a conversation immediately, i did an interesting -- i was working with traffic engineers. we drafted something up and it was too technical. it just are on the whiteboard, simple, lester lane. intersection, you know, immediately. and some otherwise, you k
and yesterday, i propose my budget proposal for the next year that will close the $3 million deficit with only three layoffs in the 2.7% tax increase. a full percentage point below the average of the last four years. back on about 12 likes on facebook. i got some presidential, 500 likes on facebook. this'll be a real head, sherry. >> sometimes a refresh. there must not be reading it. >> but it is as a tool, the important conversations, those have to have when you have so much...
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there is a lot of talk about deficit and long-term growth. the subject of long-term unemployment has virtually disappeared since obama decided to abandon the stimulus, and i do not think in my ideal media world -- the media would be more effective at moving issues like that back on the agenda. >> ok. pessimistic and all of the things that they have a hard time being. i thought we were famous for complaining all of the time. one or two notes before i get to the awful stuff. first of all, it is truly uplifting, i think everyone would agree, to see so many people turning out on an early saturday morning when you could be doing other things. there has to be a rerun of " housewives of orange county," or sipping cappuccinos, rather than talking about this. as someone who has knocked around in for a few years, it is truly cheery to me to see that passion out there and that you have voted with your feet in such numbers, so thank you all for making me feel good. as i look across the coverage of this campaign, there are a few things i think are worth p
there is a lot of talk about deficit and long-term growth. the subject of long-term unemployment has virtually disappeared since obama decided to abandon the stimulus, and i do not think in my ideal media world -- the media would be more effective at moving issues like that back on the agenda. >> ok. pessimistic and all of the things that they have a hard time being. i thought we were famous for complaining all of the time. one or two notes before i get to the awful stuff. first of all,...
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. >> when he was asked how he would actually cut spending and reduce the deficit, he said he'd go after funding for public television. elmo, you better make a run for it. >> reporter: on the stump in virginia, romney says the jobless numbers don't tell the whole story. too many workers, he says, have simply stopped looking. >> when i'm president of the united states, that unemployment rate is going to come down, not because people are giving up and dropping out of the work force, but because we're creating more jobs. >> reporter: with the unexpected drop, some saw a conspiracy. former general electric chairman jack welch seemed to accuse the obama campaign of cooking the books, tweeting unbelievable jobs numbers. these chicago guys will do anything. can't debate, so change numberns. later on "hardball", welch admitted he has no evidence to back that up, but he remained defiant. >> i don't want to take back one word in that tweet. it seems coincidental that one month before the election they would end up at 7.8. >> reporter: the charge was met with outrage from many, including the presid
. >> when he was asked how he would actually cut spending and reduce the deficit, he said he'd go after funding for public television. elmo, you better make a run for it. >> reporter: on the stump in virginia, romney says the jobless numbers don't tell the whole story. too many workers, he says, have simply stopped looking. >> when i'm president of the united states, that unemployment rate is going to come down, not because people are giving up and dropping out of the work...
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aisle to get things done, whether it was reducing taxes on the middle class, you know, reducing our deficit, cutting $1 trillion worth of spending. he's open and ready to do that, continued to do that over the next four years, but on election day, i think americans will send a very strong signal to the people in washington, that it's time for republicans to drop their intransigence of protecting tax cuts for the wealthy, come to the table and -- and get some stuff done. >> i want to ask you about vice president biden's remarks yesterday. conservatives have seized on them. he said that the middle class has been buried for the last four years. your campaign has pointed out he meant because of republican policies. that said, do you wish the vice president had chosen different words? >> no, absolutely not. in fact, we'll probably debate this tonight, that the middle class has been pressed over the past four years because of the very same policies that mitt romney and paul ryan are promising to go back to. let's talk about that tax cut that mitt romney won't tell us how he's going to pay for it.
aisle to get things done, whether it was reducing taxes on the middle class, you know, reducing our deficit, cutting $1 trillion worth of spending. he's open and ready to do that, continued to do that over the next four years, but on election day, i think americans will send a very strong signal to the people in washington, that it's time for republicans to drop their intransigence of protecting tax cuts for the wealthy, come to the table and -- and get some stuff done. >> i want to ask...
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the plan includes reducing the deficit by about $4 trillion over ten years. an overhaul of the tax code and changes to medicare and social security. several tax cuts could also end if the cliff is not avoided, meaning about $3,500 more in taxes for the average household. >>> american university is warning students to be on alert after a string of incidents where a man has groped students near campus. there have been four reported incidents in the last week. the most recent one happened sunday night on massachusetts avenue. police say the suspect comes up from behind, grabs girls inappropriately, and then runs away. >> i normally feel really safe around here. i'm not in the city or anything. that's a little bit terrifying. >> something's got to be done. i mean, it's definitely uncalled for and not okay. >> au sent an e-mail to students to alert them about the attacks. the university is asking the students to walk in groups and only in well-lit areas. >> 6:06 right now. today marks the tenth anniversary of the sniper killing spree. the first attack happened in
the plan includes reducing the deficit by about $4 trillion over ten years. an overhaul of the tax code and changes to medicare and social security. several tax cuts could also end if the cliff is not avoided, meaning about $3,500 more in taxes for the average household. >>> american university is warning students to be on alert after a string of incidents where a man has groped students near campus. there have been four reported incidents in the last week. the most recent one happened...
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who knew that he was responsible for all these deficits? elmo's got to watch out. >> reporter: meanwhile, a past presidential nominee, former vice president al gore, who had his own debate struggles, offered this unusual explanation for mr. obama's uninspired performance, blaming the high altitude in denver. >> obama arrived in denver just a few hours before the debate started. romney did his debate prep in denver. when you go to 5,000 feet -- >> exactly. >> -- and you only have a few hours to adjust -- >> that's interesting. >> -- i don't know. >> reporter: after hearing those comments and being asked about them last night mitt romney laughed al gore's answer off. after virginia, savannah, the president will head off to the battleground state of ohio and mitt romney goes to florida where he campaigns this weekend, the president ultimately ending up in california for a fund-raising event including a concert with john bone jovi, katy perry and stevie wonder. >> peter alexander from virginia, thank you. ed schultz is the host of "the ed show"
who knew that he was responsible for all these deficits? elmo's got to watch out. >> reporter: meanwhile, a past presidential nominee, former vice president al gore, who had his own debate struggles, offered this unusual explanation for mr. obama's uninspired performance, blaming the high altitude in denver. >> obama arrived in denver just a few hours before the debate started. romney did his debate prep in denver. when you go to 5,000 feet -- >> exactly. >> -- and you...
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when people talk about the deficit -- it is not the deficit or debt but joblessness which is the great crisis of our times. the deficit and debt did not arrive from some inaccurate conception. -- immaculate conception. two unfunded wars, medicare part d. let them speak to that. mitt romney has it fantastical approach to arithmetic. at the bottom of it, there is a commitment and an ideology to insuring that the top 1% make out real well. those most vulnerable at the bottom of the society who need a helping hand in times of fiscal economic crisis are put aside. it is ideological and i think the term "common-sense" is a terrific one to achieve and try to revive that one as you talk to c-span and agitate your committee. -- community. host: let's go back to the bus. john, what is your question? >> how mitt romney do this without appearing to be a flip- flop for? guest: he came out there. he became one of the most extremist candidates in his approach to key issues. i find most interesting thing going on is the growing gender gap. you are too young, but in 1992, many called it the year of a w
when people talk about the deficit -- it is not the deficit or debt but joblessness which is the great crisis of our times. the deficit and debt did not arrive from some inaccurate conception. -- immaculate conception. two unfunded wars, medicare part d. let them speak to that. mitt romney has it fantastical approach to arithmetic. at the bottom of it, there is a commitment and an ideology to insuring that the top 1% make out real well. those most vulnerable at the bottom of the society who...
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who knew that he was driving our deficit? >> he's focused on saving big is kind of a strange thing in my view because, you see, i'm focused on helping the american people get good jobs and brighter prospects. >> reporter: both sides were responding to this new obama campaign ad using big bird to mock romney's plan to clip federal subsidies to public broadcasting. >> mitt romney, taking on our enemies, no matter where they nest. >> reporter: it's already ruffling feathers with the non-profit behind "sesame street" objecting and asking the campaign to remove "sesame street" characters from their ads. just a short time from now, mitt romney will step into that bus and begin criss-crossing the state. it is a long day for him, a bus tour again to try to win this must-win state. the biggest headline of the week, matt, may still yet to be written. that could come tomorrow after paul ryan and joe biden face off. that, of course, is the first and only vice presidential debate. >> all right. peter alexander in ohio this morning. peter,
who knew that he was driving our deficit? >> he's focused on saving big is kind of a strange thing in my view because, you see, i'm focused on helping the american people get good jobs and brighter prospects. >> reporter: both sides were responding to this new obama campaign ad using big bird to mock romney's plan to clip federal subsidies to public broadcasting. >> mitt romney, taking on our enemies, no matter where they nest. >> reporter: it's already ruffling feathers...
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who knew he was driving the deficit. >> his focus on saving big bird is a strange thing in my view, because i'm focused on helping the american people to get better jobs and brighter prospects. >> reporter: both are responding to this campaign ad by president obama to clip public subsidies to public television. it is already ruffling feathers with a nonprofit behind sesame street objecting and asking them to remove the sesame street characters from the ads. and just a short time from now mitt romney will step in that bus and begin to crisscross the state. it is a long day for him and a bus tour to try to win this us man must-win state, and also, the first vice presidential debate is still to come. >> thank you. robert gibbs is the presidential adviser to the obama campaign. and your colleague david plouffe said if the first debate fundamentally changed the race, you would see ohio polls drawing to a tie, and it has not gone to a tie, but it has narrowed from 10-point president obama lead to three or four points and can you deny that the momentum, robert, is firmly on the side of mitt romney
who knew he was driving the deficit. >> his focus on saving big bird is a strange thing in my view, because i'm focused on helping the american people to get better jobs and brighter prospects. >> reporter: both are responding to this campaign ad by president obama to clip public subsidies to public television. it is already ruffling feathers with a nonprofit behind sesame street objecting and asking them to remove the sesame street characters from the ads. and just a short time...
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who knew that he was responsible for all the deficits. elmo has to watch out! >> reporter: a past presidential nominee, al gore, who had his own debate struggles offered this unusual explanation for mr. obama's uninspired performance, blaming high altitude in denver. >> obama arrived in denver just a few hours before the debate started. romney did his debate prep in denver. when you go to 5,000 feet. >> exactly. >> and you only have a few hours to adjust, i don't know. >> reporter: after hearing those comments and being asked about them, mitt romney laughed al gore's answer off. after virginia, savannah, the president heads to ohio, and mitt romney to florida where he campaigns this weekend. the president ending up in california for a fund-raiser, including a concert with john bon jovi, katy perry, and stevie wonder. >> thanks. chuck todd, nbc's political director and correspondent. good morning to you. >> good morning. >> a jobs report on one hand, the jobs added a lackluster figure, but unemployment dipped. in terms of the headline, does it benefit president
who knew that he was responsible for all the deficits. elmo has to watch out! >> reporter: a past presidential nominee, al gore, who had his own debate struggles offered this unusual explanation for mr. obama's uninspired performance, blaming high altitude in denver. >> obama arrived in denver just a few hours before the debate started. romney did his debate prep in denver. when you go to 5,000 feet. >> exactly. >> and you only have a few hours to adjust, i don't know....
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responding to the fact that mitt romney called him out as one of the reasons that we have a federal deficit. i would assume republican or democrat you think you can't attack big bird and think you'll look good afterward. >> this is going to come down to a gaffe. if romney says let's go ahead and stop funding pbs, people will think, national geographic. history channel stuff. whatever. you pick on big bird, my goodness. that's almost unconstitutional. it's going to be the kind of thing you saw "saturday night live" do something on it last night. this is going to come up again. big bird protesters. it will come up and be a distraction. i think he probably regrets saying that. good news is another debate comes this week and then two more after that. >> they can say so few gaffes. can you imagine? everywhere all the time. >> hundreds of speeches maybe more in the course of the campaign. it's amazing. >> shocking it doesn't happen more often. thank you very much, larry. the presidential debate will be a hot topic on "meet the press." here's david gregory with more on that. >> romney delivers in
responding to the fact that mitt romney called him out as one of the reasons that we have a federal deficit. i would assume republican or democrat you think you can't attack big bird and think you'll look good afterward. >> this is going to come down to a gaffe. if romney says let's go ahead and stop funding pbs, people will think, national geographic. history channel stuff. whatever. you pick on big bird, my goodness. that's almost unconstitutional. it's going to be the kind of thing you...
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we're running significant deficit last rain season. this rain season, we could see a nino setup. it's still not completely sure. when it companies to the timing of these showers, it's going to get more active before we have evening hours. we're going to see the temperatures really kind of comfortable today. showers creeping up from the south all the way to 5:00 p.m. best chance for the showers is around the western facing slopes of san jose so keep that in mind. southern california will receive about 2 to 3 times of rain. snowfall in yosemite when last week we had triple digit heat. yeah, got to love california. 70 degrees in freemont. 66 degrees in santa cruz. i'll let you know how much rain was received so far and how much more is on the way. they're hard to pinpoint. you might be waking up with some things acting funny. i know my computer wasn't working. lightning strikes were frequent overnight. count on more isolated lightning and thunderstorms. very hit or miss showers. let's check your drive. >> we definitely need all that rain and resources. we'll look to 101. northbound
we're running significant deficit last rain season. this rain season, we could see a nino setup. it's still not completely sure. when it companies to the timing of these showers, it's going to get more active before we have evening hours. we're going to see the temperatures really kind of comfortable today. showers creeping up from the south all the way to 5:00 p.m. best chance for the showers is around the western facing slopes of san jose so keep that in mind. southern california will receive...